Mativ Holdings Appoints New CFO

TL;DR

Mativ Holdings names Kevin Krumm as new CFO, effective immediately.

AI Summary

Mativ Holdings, Inc. announced on April 24, 2024, that it has appointed a new Chief Financial Officer, Kevin M. Krumm, effective immediately. Krumm will also serve as Principal Accounting Officer. He previously held the position of Senior Vice President, Corporate Controller, and Chief Accounting Officer at the company.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment, which is a routine corporate event.

Key Players & Entities

• Mativ Holdings, Inc. (company) — Registrant
• Kevin M. Krumm (person) — Newly appointed Chief Financial Officer
• Schweitzer Mauduit International Inc (company) — Former company name

FAQ

Key Financial Figures

• $0.10 — ange on which registered Common Stock, $0.10 par value MATV New York Stock Excha

Filing Documents

• ef20027725_8k.htm (8-K) — 46KB
• ef20027725_ex10-1.htm (EX-10.1) — 123KB
• 0001140361-24-022114.txt ( ) — 332KB
• matv-20240424.xsd (EX-101.SCH) — 4KB
• matv-20240424_lab.xml (EX-101.LAB) — 21KB
• matv-20240424_pre.xml (EX-101.PRE) — 16KB
• ef20027725_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Adoption of Mativ Holdings, Inc. 2024 Equity and Incentive Plan At the 2024 Annual Meeting of Stockholders of Mativ Holdings, Inc. (the "Company") held on April 24, 2024, the Company's stockholders approved the Mativ Holdings, Inc. 2024 Equity and Incentive Plan ("2024 Plan"), which previously had been approved by the Company's Board of Directors (the "Board") subject to stockholder approval. The 2024 Plan replaces the Schweitzer-Mauduit International, Inc. 2015 Long-Term Incentive Plan (the "Prior Plan") and is largely based on the Prior Plan, but with updates to the available shares and other administrative changes. The following paragraphs provide a summary of certain terms of the 2024 Plan. Consistent with the Prior Plan, the purposes of the 2024 Plan are to (i) align the interests of the Company's stockholders and the recipients of awards under the 2024 Plan by increasing the proprietary interest of such recipients in the Company's growth and success, (ii) advance the interests of the Company by attracting and retaining officers, other employees, non-employee directors, consultants, independent contractors and agents, and (iii) motivate such persons to act in the long-term best interests of the Company and its stockholders. Under the 2024 Plan, the Company may grant: (i) nonqualified stock options; (ii) incentive stock options (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended); (iii) stock appreciation rights; (iv) restricted stock and restricted stock units; (v) other stock-based awards; and (vi) performance awards. Subject to the terms and conditions of the 2024 Plan, the number of shares of Company common stock authorized for grants under the 2024 Plan is 2,800,000 shares. The foregoing description of the 2024 Plan does not purport to be complete and is qualified

07

Item 5.07. Submission of Matters to a Vote of Security Holders At the 2024 Annual Meeting of Stockholders of the Company held on April 24, 2024, the following matters were considered and acted upon with the results indicated below. Proposal One - Election of Directors The following individuals were elected as Class II directors to serve a three-year term: Nominees For Withheld Broker Non-Votes Shruti Singhal 40,818,335 5,461,019 3,367,621 Anderson Warlick 44,678,447 1,600,907 3,367,621 Proposal Two - Ratification of the Selection of Independent Registered Public Accounting Firm For Against Abstain Broker Non- Votes Ratification of the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024 47,959,700 1,618,499 68,776 — Proposal Three - Non-Binding Advisory Vote to Approve Executive Compensation For Against Abstain Broker Non- Votes Stockholders vote, on an advisory basis, to approve the compensation paid to Named Executive Officers ("say-on-pay" vote) 44,759,500 1,424,200 95,654 3,367,621 Proposal Four - Approval of the Adoption of the Mativ Holdings, Inc. 2024 Equity and Incentive Plan For Against Abstain Broker Non- Votes Stockholders vote to approve the Mativ Holdings, Inc. 2024 Equity and Incentive Plan 44,322,467 1,892,215 64,672 3,367,621

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Mativ Holdings, Inc. 2024 Equity and Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Mativ Holdings, Inc. (Registrant) By: /s/ Mark W. Johnson Mark W. Johnson Chief Legal and Administrative Officer and Corporate Secretary April 25, 2024

View Full Filing

View this 8-K filing on SEC EDGAR